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Grey Market Premium · Dec 23 – Dec 26, 2025 · Issue Price ₹126
Dhara Rail Projects IPO GMP: ₹16.50 — 13.1% expected gain as of Dec 31, 2025
The Dhara Rail Projects IPO Grey Market Premium (GMP) is currently trading at ₹16.50 in the unofficial grey market. Based on this, the expected listing price is ₹142.50, implying a +13.1% gain over the issue price of ₹126. GMP reflects pre-listing demand from grey market participants and is a widely tracked sentiment indicator among IPO investors.
Grey market premium over time (₹)
Latest 15 data points, most recent first
| Date / Time | GMP (₹) | Exp. Listing | Exp. Gain |
|---|---|---|---|
| Dec 31, 2025 12:00 pm | +₹16.50 | ₹142.50 | +13.1% |
| Dec 30, 2025 12:00 pm | +₹16.50 | ₹142.50 | +13.1% |
| Dec 29, 2025 12:00 pm | +₹14.00 | ₹140.00 | +11.1% |
| Dec 28, 2025 12:00 pm | +₹18.00 | ₹144.00 | +14.3% |
| Dec 27, 2025 12:00 pm | +₹18.00 | ₹144.00 | +14.3% |
| Dec 26, 2025 12:00 pm | +₹20.00 | ₹146.00 | +15.9% |
| Dec 25, 2025 12:00 pm | +₹10.00 | ₹136.00 | +7.9% |
| Dec 24, 2025 12:00 pm | +₹10.00 | ₹136.00 | +7.9% |
| Dec 23, 2025 12:00 pm | +₹14.00 | ₹140.00 | +11.1% |
| Dec 22, 2025 8:00 pm | +₹12.00 | ₹138.00 | +9.5% |
| Dec 22, 2025 12:00 pm | +₹8.00 | ₹134.00 | +6.3% |
| Dec 21, 2025 12:00 pm | +₹8.00 | ₹134.00 | +6.3% |
| Dec 20, 2025 12:00 pm | +₹0.00 | ₹126.00 | +0.0% |
| Dec 19, 2025 12:00 pm | +₹0.00 | ₹126.00 | +0.0% |
| Dec 18, 2025 12:00 pm | +₹0.00 | ₹126.00 | +0.0% |
The Dhara Rail Projects IPO GMP (Grey Market Premium) is the unofficial pre-listing price at which shares trade in informal markets before the IPO is listed on the stock exchange. Currently, the Dhara Rail Projects IPO GMP stands at ₹16.50, implying an expected listing price of ₹142.50.
GMP = Expected Listing Price − Issue Price. If the issue price of Dhara Rail Projects IPO is ₹126 and the expected listing is ₹142.50, then GMP = ₹16.50. The expected gain percentage is calculated as (GMP ÷ Issue Price) × 100. For Dhara Rail Projects IPO, that is 13.1%.
GMP is not regulated by SEBI and reflects informal market activity. It can fluctuate significantly day-to-day and should not be the sole basis for investment decisions. Many IPOs with high GMP have listed below expectations, and vice versa. Always refer to subscription data, financials, and the DRHP before investing.
We classify GMP signals as: Hot (expected gain ≥30%), Warm (10–30%), Neutral (0–10%), and Weak (negative GMP). Dhara Rail Projects IPO is currently classified as Warm.
The current Grey Market Premium for Dhara Rail Projects IPO is ₹16.50 as of Dec 31, 2025. Expected listing price: ₹142.50, expected gain: 13.1%. GMP data is updated periodically from grey market sources.
A GMP of ₹16.50 means that in the unofficial grey market, Dhara Rail Projects IPO shares are trading at ₹16.50 above the issue price. With an issue price of ₹126, this implies an expected listing at ₹142.50 (13.1% gain). GMP is purely indicative and actual listing price depends on market conditions.
GMP is an unofficial, unregulated indicator from the informal grey market. It reflects speculative pre-listing demand but can be manipulated or change rapidly. Use it as one data point alongside official subscription data, company financials, and valuation metrics. SEBI does not regulate grey market trading.
Kostak rate data for Dhara Rail Projects IPO will be available once reported from grey market sources. Kostak represents the per-application premium in informal markets.
Dhara Rail Projects IPO is expected to list on December 31, 2025 on NSE SME platform. The GMP on listing day is a strong short-term indicator of opening price.
GMP is unofficial and unregulated. Past GMP accuracy varies. Use alongside subscription data and fundamentals.